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Companies / Consumer Staples / CEA Industries Inc.
BNC

CEA Industries Inc.

Consumer StaplesAgriculture
Ticker BNCLOUISVILLE, COFiscal year ends AprilBook value per share $5.47Diluted shares 52.9M

CEA Industries Inc. (Nasdaq: BNC) operates as a digital asset treasury company focused exclusively on BNB, the native token of the BNB Chain ecosystem. The company's website is located at https://www.ceaindustries.com/. From the company’s description.

Fiscal year 2024 · ends 04-30Changes are against fiscal 2023The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$2.80M
−59.4% year over year
-113.15%
−70.4 percentage points
$-3.15M
−8.1% year over year
-34.20%
−10.5 percentage points
Cash & financing
$-3.06M
+50.1% year over year
$-3.06M
+50.1% year over year
—
Last 12 mo 0.06
745.0K
−90.8% year over year
Last 12 mo 52.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CEA Industries Inc. does

In the company’s own words

CEA Industries Inc. (Nasdaq: BNC) operates as a digital asset treasury company focused exclusively on BNB, the native token of the BNB Chain ecosystem. The company's website is located at https://www.ceaindustries.com/.

In August 2025, CEA Industries initiated a strategic transformation to become the largest publicly-traded digital asset treasury focused on BNB, providing institutional-grade exposure to blockchain infrastructure. As of April 30, 2026, the company held 515,544 BNB tokens with an aggregate fair value of $317.3 million, representing 94.6 percent of total assets. The company operates its BNB treasury management strategy through a wholly-owned subsidiary, CEA BRS LLC, which holds digital assets in custody through Ceffu, an institutional digital asset custody platform within the Binance ecosystem. The company appointed 10X Capital Partners LLC as its asset manager to provide treasury management services in accordance with the digital asset treasury strategy.

Beyond its primary digital asset focus, CEA Industries operates two reportable business segments. The BNB Treasury Management segment encompasses the core digital asset strategy, while the Retail and Industry segment includes Fat Panda, a retailer and manufacturer of e-cigarettes, vape devices, and e-liquids acquired in June 2025, along with legacy industrial climate control systems operations. Fat Panda operates 34 retail locations across Manitoba, Ontario, and Saskatchewan in Canada, including 30 Fat Panda stores and four Electric Fog vape outlets, complemented by an e-commerce platform and in-house manufacturing of premium e-liquids.

The company employs 48 full-time employees and 121 part-time employees across the United States and Canada. BNB Chain operates as a high-performance, scalable blockchain platform compatible with the Ethereum Virtual Machine, supporting thousands of transactions per second with minimal gas fees. The ecosystem includes BNB Smart Chain for decentralized applications, opBNB for optimized DeFi and gaming, and BNB GreenField for decentralized storage solutions. BNB serves multiple functions including transaction fee payment, network staking, governance participation, and access to Binance services.

Company details
Sector
Consumer Staples
Industry
Agriculture
Headquarters
LOUISVILLE, CO
Fiscal year end
April
CIK
1482541
SIC
0700

Financial performance, year by year

Fiscal 2012–2024 · USD
$-7.57M$-1.35M$4.86M$11.08M$17.30M2012201320142015201620172018201920202021202220232024

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CEA Industries Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

15
funds hold it
0 of 35
superinvestors hold it
$8.09M
held by funds, at market
7.0%
of shares held by funds

Largest fund holders · CEA Industries Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do CEA Industries Inc. and its peers compare on margins and cash generation over ten years?”
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